Nigeria Today’s Dollar to Naira Rate: Naira → Dollar Snapshot Rate for 12th September 2025

Key points:

• Official CBN Rate: N1,502.14 / USD
• Black-Market Rate: N1,520 / USD
• Drivers: Slight increase in demand, forex liquidity, improved foreign reserves

The Naira lost 0.06% against the US Dollar at the official market, closing at N1,502.14/$1. This follows an increase in demand, despite recent stability. The parallel market maintained its position at N1,520/$1, while reserves rose to $41.62 billion, boosting market confidence.

For real-time updates, use [Nairametrics] or [CBN Live Rates] for interbank quotes, and [Aboki Fx] for black-market snapshots, refreshed every minute.

FAQ

• What’s the gap between CBN & black-market rates? The gap between official and parallel rates is currently N17.
• Will the naira strengthen soon? Analysts expect sustained stability between N1,500 and N1,550 in the near term.
• How do oil prices affect rates? Oil exports continue to support Nigeria’s forex reserves, which in turn stabilize the naira.